Gold & DXY | London open
🥇Gold is trading near $4,004, testing the $4,000 level after dipping to $4,003. Friday’s bounce has faded, and the 4H chart is still making lower highs after the rejection near $4,190. For now, this looks like a retest of the lows rather than a confirmed reversal.
💸DXY is around 101.73, holding in the 101.58–101.79 range and just below 101.80. The softer dollar hasn’t been enough to lift gold, so price structure remains the main concern. A move back above 101.80 could weigh on gold; a break below 101.58 may give it room to recover.
Gold levels :
🔸Resistance: $4,019, then $4,029 and $4,050
🔸Support: $4,003, $4,000 and $3,980
A rejection from $4,019–$4,029, or a 4H close below $4,000, could put $3,980 and then $3,960 in focus—especially if DXY moves back above $101.80. A counter-trend bounce would need gold to reclaim and hold above $4,019, with DXY breaking below 101.58; next levels would be $4,029 and $4,050.
🚪Monday’s open can bring gaps and sharp moves. $4,000 is the key level. I’d wait for confirmation rather than buy the first bounce, and keep risk tight.
TRADE $XAU HERE👇
🥇Gold is trading near $4,004, testing the $4,000 level after dipping to $4,003. Friday’s bounce has faded, and the 4H chart is still making lower highs after the rejection near $4,190. For now, this looks like a retest of the lows rather than a confirmed reversal.
💸DXY is around 101.73, holding in the 101.58–101.79 range and just below 101.80. The softer dollar hasn’t been enough to lift gold, so price structure remains the main concern. A move back above 101.80 could weigh on gold; a break below 101.58 may give it room to recover.
Gold levels :
🔸Resistance: $4,019, then $4,029 and $4,050
🔸Support: $4,003, $4,000 and $3,980
A rejection from $4,019–$4,029, or a 4H close below $4,000, could put $3,980 and then $3,960 in focus—especially if DXY moves back above $101.80. A counter-trend bounce would need gold to reclaim and hold above $4,019, with DXY breaking below 101.58; next levels would be $4,029 and $4,050.
🚪Monday’s open can bring gaps and sharp moves. $4,000 is the key level. I’d wait for confirmation rather than buy the first bounce, and keep risk tight.
TRADE $XAU HERE👇
